First State Bank closing costs and rates (2024)
In 2024, First State Bank originated 787 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,525. That ranks #450 nationally by origination volume. For total closing costs among lenders with 500+ originations, First State Bank ranks #75. That is $3,216 below the national median of $6,741. First State Bank is most active in Michigan with 760 originations there.
Purchase Originations
787
Ranked #450 nationally
Median Total Costs
$3,525
−47.7% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$950
Median Lender Credits
$269
Cost Rank (500+ vol.)
#75
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 690 | 6.625% | $3,444 | $950 |
| fha | 85 | 6.625% | $7,793 | $1,666 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 760 | 6.625% | $3,499 | #23 |
| Florida | 8 | 6.938% | $7,414 | — |
| Arizona | 3 | 7.125% | $4,918 | — |
| Tennessee | 3 | 7.000% | $4,098 | — |
| North Carolina | 2 | 6.438% | $5,210 | — |
| Ohio | 2 | 7.062% | $3,499 | — |
| South Carolina | 2 | 7.125% | $4,552 | — |
| Texas | 2 | 6.750% | $7,738 | — |
| California | 1 | 6.625% | $4,066 | — |
| Colorado | 1 | 7.000% | $2,348 | — |
| Kansas | 1 | 6.990% | $3,185 | — |
| Kentucky | 1 | 7.250% | $3,454 | — |
| Virginia | 1 | 6.875% | $4,644 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,768 | 6.375% | — | 2 | −$757 | |
| 2 | $2,902 | 6.750% | — | 3 | −$623 | |
| 3 | $3,076 | 6.438% | — | 4 | −$449 | |
| 4 | $3,238 | 6.625% | — | 5 | −$287 | |
| 5 | $3,328 | 6.625% | — | 13 | −$197 | |
| 6 | $3,423 | 6.875% | — | 3 | −$102 | |
| 7 | $3,442 | 6.625% | — | 279 | −$83 | |
| 8 | $3,480 | 6.625% | — | 97 | −$45 | |
| 9 | $3,501 | 6.875% | — | 12 | −$24 | |
| 10 | $3,518 | 6.625% | — | 164 | −$7 | |
| 11 | $3,633 | 6.625% | — | 77 | +$108 | |
| 12 | $3,688 | 6.625% | — | 30 | +$163 | |
| 13 | $3,882 | 6.562% | — | 30 | +$357 | |
| 14 | $3,890 | 6.625% | — | 7 | +$365 | |
| 15 | $4,194 | 6.500% | — | 3 | +$669 | |
| 16 | $4,414 | 6.750% | — | 3 | +$889 | |
| 17 | $4,540 | 6.750% | — | 8 | +$1,015 | |
| 18 | $4,918 | 7.125% | — | 3 | +$1,393 | |
| 19 | $9,146 | 7.375% | — | 3 | +$5,621 | |
| 20 | $13,434 | 7.125% | — | 2 | +$9,909 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.